What does technology platform — member incentive expense mean?

Includes costs related to promotional offers, rewards, and incentives designed to acquire or retain members within the technology platform ecosystem. These expenses are used to drive user engagement and platform adoption.

SoFi Technologies, Inc. SOFI Technology Platform — Member Incentive Expense

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TYLPlatform Technologies — Research and development expense

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NEWTPayments — Technology expense

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TYLPlatform Technologies — Software development expenditures:

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CARSProduct And Technology Costs

$31.5M+2.9%

Other financials

Income statement

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Revenue$1.1B+42.6%

Gross profit$929.2M+46.1%

Net income$166.7M+134%

EPS (diluted)$0.12+100%

Balance sheet

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Cash & equivalents$3.8B+38.5%

Total debt$1.9B-39.0%

Total equity$10.8B+61.9%

Total assets$53.7B+42.2%

Cash flow

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Operating cash flow-$2.3B-10,866%

CapEx$67.6M+28.4%

Free cash flow-$2.4B-7,560%

Valuation

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Market cap$23B+26.2%

Enterprise value$21.15B+8.5%

P/E39.9×+7.4×

P/S5.8×-0.1×

Profitability

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Gross margin83.6%+1.4pp

Net margin14.6%-2.6pp

FCF margin-160.7%-834pp

Returns & leverage

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Return on equity6.6%-1.1pp

Debt / equity0.2×-0.3×

Current ratio0.2×—

Where this comes from

Reported directly by SoFi Technologies, Inc. in its filing.

Tagged under the XBRL concept sofi:MemberIncentiveExpense.

The official record: SoFi Technologies, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SoFi Technologies, Inc.'s technology platform — member incentive expense?: SoFi Technologies, Inc. (SOFI) reported technology platform — member incentive expense of $0 in Q1 2026.
What does technology platform — member incentive expense mean?: Includes costs related to promotional offers, rewards, and incentives designed to acquire or retain members within the technology platform ecosystem. These expenses are used to drive user engagement and platform adoption.